Notable Downgrades: AAON Inc. (AAON), Control4 Corporation (CTRL), Expedia Inc. (EXPE), Maxwell Technologies (MXWL), Rentrak Corporation (RENT)

Analysts at Sidoti are out with a report this morning downgrading shares of AAON Inc. (AAON) with a ‘Neutral’ from ‘Buy’ rating. On valuation-measures, shares of AAON have a trailing-12 and forward P/E of 31.24 and 24.00, respectively. P/E to growth ratio is 2.47, while t-12 profit margin is 12.00%. EPS registers at $0.74. The company has a market cap of $1.26B and a median Wall Street price target of $25.00 with a high target of $25.00.

AAON currently prints a one year return of 30.11%, and a year-to-date return of 5.76%.

Shares of Control4 Corporation (CTRL) lost $2.72 to $13.07 in mid-day trading today, after the company reported solid Q4 results but missed on revenues and guided Q1 revs below consensus. Following earnings, the name was downgraded to ‘Outperform’ from ‘Strong Buy’ at Raymond James and the price target was cut to $17 from $19. CTRL was also downgraded at Dougherty & Company. The firm said it expects the stock to be range bound until growth re-accelerates. Price target was lowered to $20 from $25.

In other CTRL news this morning, the co. announced the acquisition of Nexus Technologies Pty., Ltd. (Leaf), an Australia-based provider of audio/video distribution products and also a shift in its distribution model in Germany.

CTRL currently prints a one year loss of 23.20%, and a year-to-date return of 2.73%.

Expedia Inc. (EXPE) was downgraded by Oppenheimer from an ‘Outperform’ rating to a ‘Perform’ rating in a research note issued on Friday. The name was also downgraded to ‘Neutral’ from ‘Overweight’ at Atlantic Equities after the online travel company reported worst-than-expected 4Q earnings. Oppenheimer believes results will get worse before they get better and does not view valuation as compelling. Price target was cut by ten points to $85.

In the past 52 weeks, EXPE shares have traded between a low of $66.93 and a high of $92.08 with the 50-day MA and 200-day MA located at $86.38 and $84.99 levels, respectively. Additionally, shares of Expedia trade at a P/E ratio of 1.25 and have a Relative Strength Index (RSI) and MACD indicator of 28.78 and -1.18, respectively.

EXPE currently prints a one year return of about 39%, and a year-to-date return of more than 3%.

Shares of Maxwell Technologies, Inc. (MXWL) lost $1.51 to $6.75 in mid-day trading today. Approximately 2.79M shares have already changed hands, compared to the stock’s average daily volume of 345.04K shares. Following disappointing guidance and slowing ultracapacitor margins Maxwell’s stock was downgraded to ‘Market Perform’ from ‘Outperform’ and the price target was lowered to $6 from $14 at Northland Capital.

MXWL currently prints a one year return of less than one percent, and a year-to-date loss of around 10%.

Rentrak Corporation (RENT) shares are a staggering 31% lower on Friday after the company’s disappointing 3Q financial results. The media measurement and information company reported disappointing “F3Q15 results, guided down F4Q15, and made cautionary comments about FY 2016 that imply growth of TV Everywhere will be below its previous outlook of 80%”. Following the release, analysts at Wunderlich Securities downgraded the name from ‘Buy’ to ‘Hold’ and slashed their 12-month base case estimate to $60 from $93, implying 35% expected downside. Separately, Rentrak Corp. was cut to $86 from $95 at Brean Capital, and downgraded to ‘Neutral’ from ‘Overweight’ at Piper Jaffray.

RENT shares recently lost $25.29 to $55.23. In the past 52 weeks, shares of Portland, Oregon-based firm have traded between a low of $43.62 and a high of $87.40. Shares are up 35.92% year-over-year, and 10.57% year-to-date.

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